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profits in the market for Eurodollars which began in the late fifties and
multiplied through the 60s . . . British bankers themselves controlled
relatively small funds, but they knew how to make money out of other
people’s money."
The Eurodollar market, a new development in "created money" is
monopolized by the above firms.
Eurodollar Empire
"Today, together with allies on the island of Manhattan (Britain’s most
important piece of real estate), the British Empire controls the entire
$1.5 trillion Eurodollar financial market, another $300-$500 billion in the
Cayman Islands, Bahamas, and $50-$100 billion in the Hong-Kong
Singapore "Asia-dollar market". . . . Consider the $1.5 trillion Eurodollar
market an "outlaw" market in the U.S. dollars over which this nation has
no control. Here control and profits are overwhelmingly in the hands of
London banks, who set the terms of lending and the interest rate on
this mass of American dollars in relation to the London Interbank
Borrowing
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Rate (LIBOR) . . . U.S. banks like Citibank (New York City), on whose
board of directors sits the powerful British financier, Lord Aldington,
collaborate openly in this market. At the same time, British banks
including the known central bank for the world’s drug trade, the
Hongkong and Shanghai Bank, pour into America to devour U.S.
banks. In 1978 the Hongshang (Ed.--Hongkong and Shanghai Bank)
took over New York’s Marine Midland Bank, the state’s 11th largest
commercial bank. . . The British also control the creation of American